Average Time to Sell a House in New Mexico

Kristen Klempert

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Kristen Klempert

September 3rd, 2022
Updated September 3rd, 2022

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Getting ready to sell your New Mexico home? Here’s how long you can expect it to take — and some tips on how to speed things up (and still get a great price).

Time to sell a home in New Mexico

  • In 2022, the average time it takes to sell a home in New Mexico — from listing through closing — is approximately 88 days. That’s 53 days to get an offer, plus the typical 35-day closing period.
  • Key factors that impact New Mexico home sale timelines include local market conditions (e.g., buyer demand, job market, rising home values, etc.), time of year, and your property’s type and condition.
  • Your agent’s listing strategy (pricing, marketing, networking, etc.) and the buyer’s financing situation — i.e., the amount of time it takes for them to secure loan approval — will also influence how long your sale ultimately takes.

Read on to learn more about how long it takes to sell a house in New Mexico and get some pro tips on how to speed up your sale, get better offers, and save thousands in the process.

Editor’s Note: The data in this article may be slightly skewed because of COVID-19’s disruptive effect on real estate trends. See the table at the end of this article to compare data from before and after the pandemic and see how drastically trends were affected in your state.

What’s the average time to sell a house in New Mexico?


Average Time to Sell*
Average Price*
National
77 days
$435,050
New Mexico
88 days
$375,000
*Based on Realtor.com data (August 2022)

The average time it takes to sell a house in New Mexico is 88 days — 53 days to get an offer and an additional 35 days to close. This is approximately 14.3% slower than the national average.

Keep in mind that these are annual averages and the numbers will vary by month and/or season.


👋 Don't want to wait 88 days to sell your house?

Selling to a New Mexico cash home buyer could put money in your bank account in as little as 7 days.

Clever Offers makes it easy to compare offer from top cash home buyers in New Mexico. Just fill out the form below to get matched with a top local realtor, who will request offers on your behalf from trustworthy local companies. You'll also get a free home valuation, so you can see what your house is worth on the open market and be confident you're making the right decision.

You can request cash offers without any risk or obligation — if you're not happy with an offer, you're free to walk away.

Best time to sell a house in New Mexico

In addition to the average days on market and list price data, we’ve compiled data on the BEST (and worst) times to sell your New Mexico house based on what’s most important to you:

  • Fastest Time to Sell: When should you list your home if you’re looking to sell quickly?
  • Highest Sale Price: What month should you list in to get the best possible price for your home?

Best month to sell a house fast in New Mexico


Month*
Days on Market*
Best Month
July
42 days
Worst Month
January
70 days
*Based on Realtor.com data (August 2022)

The best month to sell a house fast in New Mexico is July. The median time it takes for New Mexico homes listed in July to sell is 42 days, which is 11 days faster than the annual average.

» READ: How to sell your house fast

Best month to sell a house in New Mexico for price


Month*
Average Price*
Best Month
August
$375,000
Worst Month
December
$300,000
*Based on Realtor.com data (August 2022)

The best month to sell a house in New Mexico in terms of sale price is August. The median sale price in August is $375,000, which is 12.9% — or $42,719 — more than the annual average.

Tips to get your New Mexico home sold

1. Price your home competitively

Nothing can kill the home sale like an overpriced, inflated number. A local real estate agent will provide a competitive market analysis (CMA) so you can get a better feel for what homes nearby sell for. Ensuring yours is priced to sell and to make you a profit.

2. Paint

If you need to sell fast, you might not have a ton of time for an entire overhaul or revamp. Check out trending color palettes and paint rooms accordingly. This inexpensive update can work wonders for the image of the home.

3. Xeriscape your lot

The first thing potential buyers see is the yard. New Mexico lacks water and precipitation. A lush yard that requires lots of watering may be a turnoff. Native desert plants that thrive in arid climates could be the ticket to increasing curb appeal.

4. Stage your home to sell

Hire a professional stager to use your furniture and décor, or rent a storage unit and store your stuff while the stager furnishes your home with neutral, appealing pieces.

5. Be accommodating

A flexible schedule will allow you to set tours, open houses, and private showings. The more people that see your home, the greater your chances are of selling.

Next steps for New Mexico home sellers

If you’re looking to sell your home fast in New Mexico and get a great price, Clever Real Estate can match you with a top local realtor from a trusted brand like Keller Williams or RE/MAX.

Clever also negotiates reduced 1% listing fees on your behalf. You'll get guaranteed full service and support from your agent, but pay a third of the 3% listing fee most realtors charge.

Importantly, home sellers who list with Clever get their first qualified offer in an average of 24.1 days* — that’s 29 days faster than the average time to offer in New Mexico. Find a top local agent and get a 1% listing fee now!

💰 Get a lower rate with a top local agent!

Want to find a top local agent without overpaying on realtor fees? Clever negotiates 1% listing fees with top-rated realtors from trusted brokerages like Keller Williams, RE/MAX, and Berkshire Hathaway.

Get guaranteed full service for a fraction of the 3% rate agents typically charge. Schedule a free, no obligation consultation with a top local agent today!

*Average time to offer for Clever home sellers

Average time to sell a house in New Mexico: 2019-2021


2019*
2020*
2021*
Average Time to Sell in New Mexico:^
83 days
74 days
57 days
National Average:^
67 days
65 days
48 days
Average Listing Price in New Mexico:
$253,160
$274,142
$295,535
National Average:
$311,707
$334,043
$373,644
Best Month for Speed in New Mexico:^
June, with an average of 48 days on market
September, with an average of 59 days on market
August, with an average of 48 days on market
Best Month for Price in New Mexico:
July, with an average sale price of $260,000
September, with an average sale price of $285,450
October, with an average sale price of $311,000
*Based on data from Realtor.com
^Days to offer; does not include the typical 35 day closing period

Additional resources for New Mexico home sellers

Better real estate agents at a better rate

Enter your zip code to see if Clever has a partner agent in your area.

If you don't love your Clever partner agent, you can request to meet with another, or shake hands and go a different direction. We offer this because we're confident you're going to love working with a Clever Partner Agent.